Hyderabad, February 16: Deewan Housing Finance Ltd – now known as DHFL a leading financial services company introduced education loan services to the students to peruse higher studies. DHLF launched its education loans scheme as Avanse Education Loans, the company said in press release.

Avanse will provide education loans for higher studies like engineering, business administration and management courses. Students interested in courses like Aquaculture, Photo Journalism, Music & Culture can also approach DHFL for financing. According to DHLF, it is intended to extend education loan facility to around 19.8 million students looking for education in India and abroad over next few years.

In India, according to estimates, at least 3 million students pursue higher studies every year and annual spend on education pegged at 800 bln rupees.

DHFL will provide loans which covers living and other academic expenses. The company offers educational loans with minimum loan value being Rs 50,000/- up to the maximum value required and offers flexible repayment plans with repayment tenure up to 10 years.

Avanse Education Loans will be offered from across 10 major locations which are Mumbai, Delhi, Chennai, Kolkata, Pune, Hyderabad, Bangalore, Ahmedabad, Jaipur and Chandigarh, DHFL said.